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Ruto's government used the 2023 law to double the value-added tax on fuel, introduce a housing tax and raise the top personal income tax rate. (Reporting by Hereward Holland; Editing by Alexander ...
The Income Tax Act is the most important tax used in Kenya. It is up to the employer to make sure that the taxes are deducted at source, that employees pay taxes and that they have a personal identification number (PIN) with the KRA. There is a fine of $22 for every payment made to an employee who does not have a PIN.
Kenya's Court of Appeal on Wednesday declared the government's 2023 finance law unconstitutional, inflicting a new blow to the government of President William Ruto who withdrew this year's finance ...
The Kenya Finance Bill 2024 was a piece of legislation that proposed changes to the tax system of Kenya, [ 1] which involves tax increases. [ 2] The proposed bill aims to raise 346 billion Kenyan shillings (KSh) to pay off debt and fund development projects. [ 2][ 3] It was first introduced in May 2024 and has been controversial, [ 4] with some ...
The Kenya Finance Bill protests, widely known by hashtag #RejectFinanceBill2024, or Gen Z protests, are a series of ongoing decentralized mass protests in Kenya against tax increases proposed by the Government of Kenya in the Finance Bill 2024. [ 11] Following the storming of the Kenyan Parliament, president William Ruto reportedly rejected the ...
Protests have erupted in parts of Kenya, with hundreds detained by police as citizens rejected planned tax hikes in the East African nation already grappling with escalating living costs.
The Kenya Revenue Authority (KRA) [2] was established by an Act of Parliament, the Kenya Revenue Authority Act, which became effective on 1 July 1995. The Authority is charged with collecting revenue on behalf of the Government of Kenya. [1] The Authority's core operations are:-
June 26, 2024 at 8:51 AM. (Reuters) - Kenya's President William Ruto on Wednesday declined to sign a highly contentious finance bill that has sparked nationwide deadly protests, and has sent it ...